Lawsuit Filed Against Orthofix Regarding Merger Woes and Executive Misconduct

A company without a leadership team loses its nerve, and when orthopedics manufacturer Orthofix botched its merger with SeaSpine, the Company lost its nerve, most of its board, and 30% of its share price.

When Orthofix announced its merger with SeaSpine, another orthopedics company, Orthofix gave investors an excellent prognosis, suggesting there was a great culture fit between the two companies. Instead, less than a year after the deal, Orthofix had to remove the new executives due to offensive and problematic conduct. Shockingly, Orthofix did not announce replacement officers, leaving an open wound in the Company’s leadership team.

Although Orthofix said these firings wouldn’t affect financial results, investors and analysts were horrified by the executives’ crass conduct and the company’s lack of transparency. Orthofix’s stock price plummeted, and investors were quick to file a lawsuit. Affected investors are now signing up for that class action in the hopes of recouping some of their losses.

Join the Lawsuit.